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- 000 02799nam a2200337 i 4500
- 008 170630s2017 nyu b 001 0 eng d
- 020 __ |a 9781631578663 |q paperback
- 020 __ |z 9781631578670 |q ebook
- 035 __ |a (CaBNVSL)swl00407529
- 040 __ |a CaBNVSL |b eng |e rda |c CaBNVSL |d CaBNVSL
- 050 _4 |a HC79.T4 |b G232 2017
- 100 1_ |a Gada, Kartik, |e author.
- 245 14 |a The Accelerating TechnOnomic Medium ('ATOM') : |b it's time to upgrade the economy / |c Kartik Gada.
- 260 __ |a New York, NY : |b Business Expert Press, |c 2017.
- 300 __ |a xvii, 141 pages ; |c 24 cm.
- 336 __ |a text |2 rdacontent
- 337 __ |a unmediated |2 rdamedia
- 338 __ |a volume |2 rdacarrier
- 490 1_ |a Service systems and innovations in business and society collection
- 504 __ |a Includes bibliographical references (page 137) and index.
- 520 3_ |a The accelerating pace and diffusion of technological change has taken control of an ever-growing fraction of the world economy. This fraction is being assimilated into a different set of economic fundamentals, such as the rapid and exponential price deflation inherent to technology. The effect of this was insignificant until recently, but is now beginning to create conspicuous distortions in many economic metrics, and is just years from being the dominant force across the entire economy. In response to technological deflation, the central banks of the world will have to create new money in perpetuity, increasing the stream at an exponentially rising rate much higher than is currently assumed. This now-permanent need for monetary expansion, if embraced, can fund government spending more directly. This in turn creates a very robust, dynamic, and efficient safety net for citizens, while simultaneously reducing and even eliminating most forms of taxation by 2025. Failure to recognize that technological deflation mandates permanent and ever-rising central bank monetary expansion that can and should gradually become the primary source of government spending will precipitate a major financial crisis starting as soon as 2017. The nature of current worldwide technology is to link various disruptions with each other, consume monetary liquidity to generate deflation, and lower the effective prices of most goods and services over time. Therefore, the entirety of worldwide technology has to be seen as a holistic economic entity, and can be defined as the "Accelerating TechnOnomic Medium," or "ATOM."
- 538 __ |a System requirements: Adobe Acrobat reader.
- 590 __ |a Unlimited simultaneous user license.
- 650 _0 |a Technological innovations |x Economic aspects.
- 650 _0 |a Economic policy.